Market Intelligence: South East Asia

Global Aircraft Manufacturer, Boeing, Releases Commercial Market Outlook for 2024–2043

Global aircraft manufacturer Boeing released the following latest Commercial Market Outlook 2024-2043.

Boeing’s latest Commercial Market Outlook projects a robust demand for 43,975 new airplanes over the next 20 years, reflecting a 3% increase in deliveries compared to the previous year’s forecast. The report highlights the significant growth driven by emerging markets and a strong demand for single-aisle aircraft.

  • Boeing anticipates a 3% increase in airplane deliveries by 2043, with a total of 43,975 new units expected.
  • Much of the growth is attributed to emerging markets and the rising demand for single-aisle airplanes.
  • The global passenger and freighter fleet is expected to nearly double over the next two decades.

“As commercial aviation enters the second half of 2024, passenger and air cargo traffic are surpassing 2019 levels, highlighting the industry’s resilience over the last several decades. In the long-term, both market segments are forecast to continue to outpace economic growth. Consumers are prioritizing travel in an increasingly connected world, aviation development is accelerating in emerging markets, and supply chain and e-commerce growth are supporting air cargo demand.

Like air traffic, airlines have also shown resilience. The global airline network is back to 2019 levels and has adapted to new market trends. Route competition remains high. Plus, airlines are managing fleets and boosting productivity to remain profitable in a dynamic global environment.

The 2024 Commercial Market Outlook’s fleet and delivery forecasts remain steady as industry dynamics are largely playing out along the path Boeing anticipated in 2020. There is pent-up demand to replace ageing fleets where retirements have been delayed. Innovation and emerging markets are once again driving fleet growth. Also, a focus on sustainability across the industry is improving efficiency in all facets of airline operations.”

Contact us to receive a copy of the Boeing Commercial Market Outlook 2024-2043.

Source: Boeing
Photo Credit: Boeing

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Piper Aircraft 2024 YTD Performance Up – On Track for Record, Full Year Deliveries Approaching 300 Aircraft

United States headquartered training aircraft manufacturer Piper Aircraft sustained solid new aircraft deliveries and revenue performance throughout the first half of 2024. Reflecting a strong global demand, Piper is on track to deliver approximately 300 aircraft this year, a 22% increase from the previous year.

Deliveries in the first half of 2024 increased by 16% compared to the same period in 2023. Despite a marginal dip in Q1 2024, attributable to the launch and late Q1 FAA certification of Piper’s new flagship M700 FURY, the second quarter saw deliveries rise by 30% and revenue by nearly 9%.

Among the approximately 300 aircraft scheduled for this year, Piper is set to deliver nearly 50 of its new M700 FURY aircraft, with international validations and certifications expected to further boost deliveries in the second half of the year.

“Our trainer and M-Class markets remain robust and we are pleased with our delivery performance this year and the positive reception from our customers with the launch of the M700 FURY,” said Ron Gunnarson, VP of Marketing, Sales & Customer Support at Piper Aircraft. “Our dealer and factory team’s dedication to excellence and our focus on customer satisfaction have been key drivers of our success.”

As Piper Aircraft continues to expand its operations and product offerings, it remains committed to delivering exceptional value and performance to its customers worldwide.

About Piper Aircraft
Piper Aircraft Inc., headquartered in Vero Beach, Fl., offers aviators throughout the world efficient and reliable single and twin-engine aircraft and is the first general aviation aircraft manufacturer in the world to certify Garmin® Emergency Autoland. The single-engine M-Class series – the M700 FURY, M500, and M350 – offers businesses and individuals elegant performance, value and a superior ownership experience. The Personal Class Archer LX and Archer DLX balance proven performance, efficiency, and simplicity in a piston-powered aircraft. The Trainer Class Pilot 100i, Archer TX, Archer DX, and Seminole aircraft form the most complete technically advanced line of pilot training aircraft in the world. Piper is a member of the General Aviation Manufacturers Association. To learn more about Piper Aircraft, visit the company’s website at www.piper.com.

About the Piper M700 FURY
The Piper M700 FURY™ certified in March of 2024 and comes standard with the HALO Safety System, featuring Garmin Emergency Autoland. This revolutionary system includes digital technology that safely lands the aircraft at the nearest 2 suitable airport in the event that the pilot is incapacitated. Additionally, the M700 FURY G3000® avionics suite includes; Autothrottle, Emergency Descent Mode, Electronic Stability Protection (ESP™), SurfaceWatch™, SafeTaxi®, and Garmin PlaneSync™, all of which are designed to enhance safe operation of the aircraft. Beyond the flight deck, the six-seat M700 FURY is powered by a Pratt & Whitney PT6A-52 700 SHP engine. The aircraft has a maximum cruise speed of 301ktas/557 km/hr, a max range of 1852 nm/3,430 km, and a standard useful load of 2,320 lbs/1,052 kg.

Source: Piper Aircraft
Photo Credit: Piper Aircraft

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CAE Celebrates the Graduation of More than 100 Type Rated Pilots in the Philippines in 2024

Clark, Philippines based full flight simulator training center CAE Philippines celebrated the graduation of 119 pilots, including 76 Airbus A320 and 43 ATR 72-600 graduates. The event highlighted the dedication and hard work of both the graduates and the academy’s staff.

  • CAE Philippines graduates 119 pilots
  • 76 pilots trained for Airbus A320
  • 43 pilots trained for ATR 72-600

Check out the highlights in this video.

CAE Philippines has shared that it has to date trained more than 700 type rated pilots on the A320 & ATR 72-600.

About CAE Philippines
CAE Philippines is a joint venture between Cebu Pacific Air and CAE.  Initially inaugurated as the Philippine Academy for Aviation Training (PAAT), the joint venture was setup with a goal is to bring the best-in-class standards for pilot training in the region, deploying innovative virtual-to-live training solutions and establish itself as a leader for training and development of aviation professionals in the Philippines.

CAE Philippines is located in Clark, Philippines and offers Airbus A320, A320 NEO and ATR 72-600 pilot training to Cebu Pacific Air as well as other operators in the region.  The Training Center has four CAE-built Level D simulators – three Airbus A320 full-flight simulators (FFS) and one ATR 72-600 FFS.

Source: CAE
Photo Credit: CAE

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Pilot Assessment Solution Provider Symbiotics Announces 2024 Head of Sales Appointment

United Kingdom headquartered global pilot assessment and selection solution provider Symbiotics has announced that James Hoad has started with the organisation as Head of Sales.

“James graduated from Birmingham University with a BA Honours degree in Tourism Business Management in 2004. With a passion for aviation, he has over 20 years of experience in the sector, including international ground handling, aviation recruitment, and outsourced flight operations services. James has a strong background in consultative outsourced solutions and has built experience in operations, global account management, and global business development roles. At Symbiotics, he is accountable for all sales within the business, building customer relationships, and developing new sales and customer account strategies.” shared Symbiotics.

To learn more about Symbiotics or James Hoad check out his LinkedIn profile.

Source: Symbiotics

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